Question
An investment of $31,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part
An investment of $31,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, the third 9%. Total interest from the investment was $2370. The interest from the first investment was 3 times the interest from the second. What are the amounts from the three parts of the investments?
a: What is the amount of the first part of the investment?
b:What is the amount of the secondpart of the investment?
c:What is the amount of the thirdpart of the investment?
Please breakdown your answer.
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